service tax on rent

Hi Friend,

I have gone through internet after reading ur post.I got a word document of an author..i feel it will help you. Go through it fully

The taxability is not free from controversy.

The High Court of Delhi has again stayed the recovery of the tax.

The Andhra Pradesh High Court has stayed recovery of Service Tax for the past period based on the amendment vide Finance Act, 2010.

Since you have collected the tax, you are required to deposit the same. I would suggest to deposit the tax under protest u/s 73A.

now u plz tell me how i deposit service tax means quartely wise with interest according to the months, or on full year base , and if i hve to show this in new quarterly return or we have to revise previous return

you dont need to revise previously filed return.

you can show it in the new retuen.

And as per finance act 2010,

Amendments are proposed to be made in the definition of the ‘Renting of Immovable Property Service’ to -

i. provide explicitly that the activity of ‘renting’ itself is a taxable service. The change has been given retrospective effect from 1st June, 2007; and

ii. levy service tax on rent of vacant land where there is an agreement or contract between the lessor and lessee for undertaking construction of buildings or structures on such land for furtherance of business or commerce during the tenure of the lease.

It would be benefit to browse Mr. Warrier's reply at the following link :

/experts/service-tax-payable-on-rental-of-immovable-property--414825.asp